Glencore-backed U.K. gas shipper CNG Group Ltd. will no longer provide gas to its utility clients, a move that threatens to prompt a raft of further failures in the British energy market.
CNG supplies wholesale gas to utilities that then sell it to households. The U.K. energy market is already in crisis and the exit threatens to unleash a new wave of turmoil.
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October 14, 2021 at 12:14AM
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UK Gas Shipper CNG Group Is Exiting Wholesale Market - Bloomberg
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